Securities and Exchange Commission Sec Form 11-C Current Report Under Section 11 of the Revised Securities Act (RSA) And Rsa Rule 11(a)-1(b)(3) Thereunder

August 19, 1999 PSE CIRCULAR FOR BROKERS NO. 2061-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. August 18, 1999 Date of Report (Date of earliest event Reported) 2. SEC Identification Number CE-02536 3. BIR TIN 003-828-269-V 4. ABOITIZ EQUITY VENTURES, INC. Exact name of registrant as specified in its charter 5. Cebu City, Philippines Province, country or other jurisdiction of incorporation 6. Industry Classification Code 7. Archbishop Reyes Ave., Banilad Cebu City 6000 Address of principal office Postal Code 8. (032) 2310-705 Registrant's telephone number, including area code 9. N.A. Former name or former address, if change since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock P1 Par Value 5,376,696,911 Amount of Debt Outstanding 3,595,282,000 11. Indicate the item numbers reported herein: 4 Item 4. Election of Members of the Executive Committee In compliance with the disclosure requirements of both SEC and PSE, please be informed that the Board of Directors of Aboitiz Equity Ventures, Inc. at its regular meeting held today, August 18, 1999, formally elected the following as members of the Executive Committee: 1. Mr. Jon R. Aboitiz 2. Mr. Erramon Aboitiz 3. Mr. Roberto E. Aboitiz 4. Mr. Juan Antonio E. Bernad 5. Mr. Luis Miguel Aboitiz 6. Mr. Enrique M. Aboitiz, Jr. 7. Mr. Stephen G. Paradies SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ABOITIZ EQUITY VENTURES, INC. BY: (SGD.) SYLVA A. PADERANGA Assistant Corporate Secretary